Asset Based Lending Firm of the Year Contact

Paul Beveridge Managing Director 5th Floor, 72 Cannon Street, London. EC4N 6AE.

Tel: +44 (0)207 236 3064 Email: DoneDeal@pncbusinesscredit.co.uk Website: http://www.pncbusinesscredit.co.uk

Firm Profile

PNC Business Credit is part of the United States based PNC Financial Services Group Inc, a retail banking and financial services group. With assets in excess of $300bn, deposits of over $200bn, a Tier 1 core capital ratio of 10% and in excess of 38,000 customers and 57,000 employees, which makes PNC one of the largest banking institutions in the US.

PNC Business Credit has been a leading Asset Based Lender for nearly 15 years, managing more than $27bn in loan commitments. It operates 30 ABL offices across the United States, Canada and the UK and has concluded over 400 new business transactions in the last two years alone.

In the UK, PNC Business Credit is committed to being the premier provider of asset based lending services to SME and mid-market companies. Our highly experienced team has a proven track record of delivering bespoke Asset Based Lending facilities to a wide variety of UK businesses. In the last

Notable Work

Here’s a small selection of our recent Done Deals;

Vasanta Private Equity owned wholesaler and distributor of business supplies. Syndicated £55million.

Murray Metals Supplier of plate and speciality metals. £22.5million.

Adelie Food Filled rolls and wraps producer £20million.

Nightfreight Overnight delivery and logistics. £17.6million.

Tiger Tim Products Firelighter and BBQ ignition products manufacturer £7.75million.

18 months alone we have completed 35 transactions with a combined lending commitment in excess of £0.5bn.

We have played a significant role in the sector and are widely regarded as the Asset Based Lender of choice by the Private Equity community, advisors and companies alike. We are able to provide funding in business situations that require detailed understanding and flexibility through giving clients unparalleled access to senior decision- makers.

With PNC, you have the confidence that comes from the strength and stability of an industry leader committed to your success. One who will be there for you today and tomorrow, supporting you in reaching your ambitions.

PNC Business Credit is a member of the Asset Based Finance Association and the Commercial Finance Association.

Areas of Expertise

Growth Asset Based Lending provides a significant initial injection of cash and also supports a business on an on-going basis as it grows.

Management Buy Outs We develop bespoke Asset Based Lending solutions that enable management teams to succeed in acquiring a company or a division.

Mergers & Acquisitions Asset Based Lending is used increasingly to finance acquisitions – even the assets of the company being acquired can be taken into account.

Refinancing Increasingly, business owners are seeking flexible Asset Based Lending solutions to refinance existing facilities and deliver the maximum availability of working capital headroom.

Restructuring By introducing Asset Based Lending into a corporate restructuring deal, clients are able to protect their equity and retain strong shareholder ownership.

Turnarounds Asset Based Lending delivers an initial injection of cash into the business, plus revolving credit facilities to stabilise and turnaround the business.

PNC Business Credit has been a leading Asset Based Lender for nearly 15 years, managing more than $27bn in loan commitments.

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